Group claims massive British onshore oil find

AN oil exploration group was yesterday celebrating what it described as probably the most significant onshore discovery of oil in Britain for two decades.

Pentex Oil UK said it had found the equivalent of more than 100 million barrels of oil on farmland at Avington, near Winchester in Hampshire.

The company, which operates wells in Hampshire and the East Midlands, said the find is 30% larger than its biggest existing British reserve, which is about 15 miles away at Stockbridge.